Beijing put & Greenspan put explained by Max Keiser

Max Keiser talks to Stacy Herbert about the Beijing put and the price of gold

recorded on September 9th 2009

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[ubuibiok]

Fact...

GOLD...Sep 3, 2009 ... Hong Kong is pulling all its physical gold holdings from depositories in London, transferring it to a high-security facility...

marketwatch

[harveybirdmannequin]

Anyone looking at gold and the "Beijing Put" as a short term/day trader "get rich scheme" is an idiot. China said they will buy on the dips and in measured amounts so as not to run up the price of gold and limit the amount they can purchase.

China has a lot more money that people can imagine and has the time frame to wait to accumulate gold. If you're a baby boomer, which many are, you're screwed because you don't have the time frame for gold and both US stocks and USD are worthless. BabyDoomer.

[2237lemon]

...up the ante, its now close to 1400 after nov.3 FED meeting

[bonfirejovi]

Gold is $1255! $1300 is not long now.

[vinny1010]

Well there is not enough Gold to put the price where it was - around $700s,remember, it's a very small market. Also, witness the volatility to Gold - just doesn't happen. Check out GATA - they have a lot of evidence on price suppression (so has Ted Butler). Personally, I have 98% silver and only about 2% Gold

[KnowledgeDriven]

vinny, I'm still on the fence but I can clearly see your logical POV.

A counter-point could be in Fall'08 when the credit mrkts seized and debts were being called (debt explosion), one of the 1st liquid assets to be sold to cover the debts would be paper gold and cash. So, there is a deflationary environment with heavy bias to GLD sellers to cover other debts resulting in gold dropping. A China put now would negate that situation from re-occuring if we have another bout of debt explosion.

[jessewaugh]

Check out the REAL price of gold: REALSPOTPRICE[dot]COM

[IAFairMail]

CHINA WARNING: DERIVATIVES DEFAULT!!!

TRADE WAR?? CHINA declares economic war on GS...

And GoldSacks' big subsidiaries: THE FED & US GOV'T.

Can Bernie print enough Green to bail-out the

Pseudo-Gov't Bernie Banks in their Huge Naked Silver Shorts?

CHINA is pushing Gold & Scarce Silver on 1.3 Billion Chinese

via State TV & Banks!! CRIMEX CRASH!!!

USDollar is doomed... China & BRIC'$ dump!

SILVER set 4 Launch faster than A Chinese BottleRocket!!

Chart SLW & SVM vs SLV & GLD: LEVERAGE!

[donharlan1]

Conspiracy Theory - The NWO is transferring power to China and are keeping gold suppressed so that China can buy it on the cheap. Think about it, Hong Kong was taken over by England after the Opium Trade War and was returned to China in 1999. The NWO had setup their financial system prior to that and after the transfer back to China, they began to prosper.

[hugolp]

1) 2) COMEX is the commodities market of NY, where gold and silver is traded. Its got gold and silver in storage to pay for the longs. But it is long suspected that its a paper market that its working to keep the price of gold down, with JPM and GS.

3)If gold skyrockets the dollar goes down. It will start loosing its world reserve status. That would mean the end of the dollar. That is why if the COMEX crash and gold skyrockets it will be bad for the US banks & govt, good for prepared US people.

[condorito29]

thanks